MBAGearhead Trading Journey

A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.

Thursday, September 21, 2017

I'm still here. No posts lately 'cause no live trades. I was optimistic about my latest method (below) but then I backtested even further back in time and became less so. This is the norm it seems with nearly every idea I think up. Perhaps I expect too much? I just want a smooth-ish equity curve without major drawdowns. It can be easy to get fooled by randomness. The quest continues...

Previous ~6 months (I had only manually backtested 4 months which looked great). And before anyone asks, this method is not easily programmable so these results are from manually going back in the charts and recording in Excel trade results.

Friday, July 28, 2017

2:45pm CDT - Nothing like waiting 3 hours for price to move somewhere, only to be taken out. ES is dead. After a great start, I only netted +$37 on it this week. It is good for practicing patience but I really prefer my trades to move sooner than later. I'm going to do more homework on my new method. 6E looked okay after a very preliminary look. We'll see...